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Deutsche Bank plans to price digital return notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 1 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Sept. 13, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 90% of the initial level, the payout at maturity will be par plus the digital return of 8%. If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond 10%.
The final index level will be the average of the index’s closing levels on the five trading days ending Sept. 8, 2017.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price June 3.
The Cusip number is 25152R3F8.
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